1 explain the conditions of consumer equilibrium with the help of marginal utility analysis?
2 explain cardinal and ordinal approach or concepts of utility with examples?
Given the market price of a good,how does a consumer decide as to how many units of that goods to buy? Explain
A good is an inferior good for one and at the same time a normal good for another consumer. Do you agree? Explain.
what will happen if marginal rate of substitution is not equal to slope of price line ie. MRS is not equal to Px/Py ?
explain both the possibilities ?
cb sachdeva microeconomics solutions
pls can u explain me budget set with the help of n easy example or a diagram pls explain me this concept in an easy manner??????
what is Law of demand ? Assumption of law of demand / Explain
why do household buy more of a commodity at a lower price?
Explain the effect of rise in price of related goods on the demand for good x.use diagram.
What is Law of equi marginal utility?
explain the reaction of consumer when 1. price ratio is higher than MRS 2. price ration is lower than MRS
1 explain the conditions of consumer equilibrium with the help of marginal utility analysis?
rn2 explain cardinal and ordinal approach or concepts of utility with examples?
Given the market price of a good,how does a consumer decide as to how many units of that goods to buy? Explain
A good is an inferior good for one and at the same time a normal good for another consumer. Do you agree? Explain.
what will happen if marginal rate of substitution is not equal to slope of price line ie. MRS is not equal to Px/Py ?
explain both the possibilities ?
cb sachdeva microeconomics solutions
pls can u explain me budget set with the help of n easy example or a diagram pls explain me this concept in an easy manner??????
what is Law of demand ? Assumption of law of demand / Explain
why do household buy more of a commodity at a lower price?
Explain the effect of rise in price of related goods on the demand for good x.use diagram.
What is Law of equi marginal utility?
explain the reaction of consumer when 1. price ratio is higher than MRS 2. price ration is lower than MRS